MQG fell -2% yesterday making it basically unchanged for 2023, not a great performance but its still better than all of the major & regional banks except for ANZ Bank (ANZ). We continue to like MQG but wouldn’t consider increasing our position until closer to the $160 area – note we remain mildly underweight in the Banking Sector at present.
- We continue to like MQG but wouldn’t be averaging until around $160.
MM remains long and bullish toward MQG
Add To Hit List
